Entries tagged "Anheuser-Busch Cos."
Talk about a family feud! As Anheuser-Busch Cos. continues to fight off a potential hostile takeover by InBev SA, the bidder is threatening to oust the board, like a dissident shareholder might. And amongst the nominees on its slate is Adolphus A. Busch IV, the uncle of Anheuser-Busch's president and CEO August Busch IV. So who is Adolphus Busch? A black sheep per chance? ...
As the Anheuser-Busch Cos.' board supposedly met this Friday to finally discuss the $46 billion takeover bid made by InBev SA, family member Andrew Busch told the St. Louis Post-Dispatch that he opposes the sale. ...
After two weeks of speculation, InBev SA finally made a proposal to acquire Anheuser-Busch Cos. for $46.3 billion. Stocks are still up. After the jump is an update of some of the key developments since the announcement. ...
More controversy in the rumors surrounding a possible $46 billion bid by InBev NV for Anheuser-Busch Cos. Apparently a shareholder named James Mayfield is now suing Anheuser-Busch and its board of directors, claiming they have failed to properly consider signs of interest in a possible takeover by InBev and that is unfair to shareholders of the company. Mayfield is seeking a class-action status for the lawsuit. ...
Deal activity was sparse on the day before Memorial Day weekend as some began heading to the beach. Anheuser-Busch Cos. [BUD] shot up on a Financial Times report that Belgian beermaker InBev NV was considering making a bid for the St. Louis brewer. Otherwise, investors sat on the sidelines as the markets dipped on the familiar culprits of the rise of crude oil and the jump of the inventory of unsold homes to 10.5%, or 4.55 million, in April. The two sour statistics dampened the markets as the Dow fell 124.17, or 1.01%, to 12,497.71 and the Nasdaq dropped 23.90,...
